EMCOR Group, Inc. (NYSE:EME) Shares Sold by Richardson Financial Services Inc.

Richardson Financial Services Inc. lowered its holdings in EMCOR Group, Inc. (NYSE:EME) by 34.1% during the fourth quarter, Holdings Channel reports. The fund owned 60 shares of the construction company’s stock after selling 31 shares during the quarter. Richardson Financial Services Inc.’s holdings in EMCOR Group were worth $27,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Perigon Wealth Management LLC boosted its holdings in EMCOR Group by 2.5% in the fourth quarter. Perigon Wealth Management LLC now owns 778 shares of the construction company’s stock valued at $353,000 after purchasing an additional 19 shares during the last quarter. Adirondack Trust Co. lifted its holdings in shares of EMCOR Group by 5.0% in the 4th quarter. Adirondack Trust Co. now owns 420 shares of the construction company’s stock valued at $191,000 after buying an additional 20 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of EMCOR Group by 1.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,148 shares of the construction company’s stock valued at $521,000 after buying an additional 21 shares during the period. Caprock Group LLC grew its holdings in EMCOR Group by 0.4% during the third quarter. Caprock Group LLC now owns 5,836 shares of the construction company’s stock worth $2,513,000 after acquiring an additional 22 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in EMCOR Group by 14.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock worth $90,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on EME. Stifel Nicolaus started coverage on EMCOR Group in a research report on Friday, November 15th. They issued a “buy” rating and a $600.00 price objective on the stock. The Goldman Sachs Group initiated coverage on shares of EMCOR Group in a report on Friday, November 22nd. They set a “sell” rating and a $445.00 price target on the stock. StockNews.com cut shares of EMCOR Group from a “strong-buy” rating to a “buy” rating in a report on Monday, January 27th. Finally, Northcoast Research started coverage on shares of EMCOR Group in a research note on Friday, November 22nd. They set a “buy” rating and a $600.00 target price on the stock. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $518.75.

EMCOR Group Price Performance

Shares of NYSE:EME opened at $448.52 on Monday. The firm has a market capitalization of $20.63 billion, a price-to-earnings ratio of 22.78 and a beta of 1.12. The business’s 50 day moving average price is $483.05 and its 200-day moving average price is $439.71. EMCOR Group, Inc. has a 1 year low of $226.99 and a 1 year high of $545.29.

EMCOR Group (NYSE:EME) last announced its earnings results on Thursday, October 31st. The construction company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.82. EMCOR Group had a net margin of 6.51% and a return on equity of 34.99%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the business earned $3.61 earnings per share. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. On average, sell-side analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 16th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, January 16th. This represents a $1.00 annualized dividend and a yield of 0.22%. EMCOR Group’s dividend payout ratio (DPR) is currently 5.08%.

EMCOR Group Profile

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.